Matisse Capital
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 17, 2024), Matisse Capital reported 176 stock positions worth $205.6 million. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by iShares Core Dividend Growth (DGRO, 4.0%) and Microsoft (MSFT, 3.7%). Compared with Q2 2024, it opened 14 new positions, sold out of 19, added to 42 and reduced 28. The biggest buy was a new position in Franklin Muncipl Opps Tst-Ui (PMO) and the biggest sale an exit from Lam Research (LRCX).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, OR
- CIK
- 0001668256
- Portfolio Value
- $205.6M (Q3 2024)
- SEC Filing
- 0001668256-24-000012 ↗ filed Oct 17, 2024
Holdings Value
Holdings 176 stocks · $205.6M
| AAPL Apple Inc. | 4.93% | 43,480 | $10.1M | Add +0.3% |
| DGRO iShares Core Dividend Growth | 4.04% | 132,387 | $8.3M | Add +1.0% |
| MSFT Microsoft Corp. | 3.71% | 17,722 | $7.6M | Add +0.0% |
| ASND Ascendis Pharma A/S | 2.45% | 33,684 | $5.0M | Reduce -3.0% |
| DMB BNY Mellon Muni BND Infra | 1.71% | 314,245 | $3.5M | Reduce -15.4% |
| DMA Destra Multi-Alternative | 1.67% | 395,307 | $3.4M | No change |
| NXDT Nexpoint Diversified Real Es | 1.57% | 515,204 | $3.2M | Add +2.0% |
| XCAFX Morgan Stanley China A Share | 1.53% | 233,000 | $3.2M | Add +25.9% |
| TYG Tortoise Energy Infrastruct | 1.53% | 80,000 | $3.1M | No change |
| TWN Taiwan Fund Inc./TH/MD-US Inc. | 1.47% | 69,000 | $3.0M | No change |
| XTEAX Tortoise Sust&social Imp Ter filed as ECOFIN SUSTAINABLE AND SOCIA | 1.44% | 227,000 | $3.0M | No change |
| HGLB Highland Global Allocation | 1.38% | 362,300 | $2.8M | No change |
| STEW SRH Total Return Fund Inc. | 1.38% | 180,000 | $2.8M | No change |
| AMZN Amazon.com Inc. | 1.36% | 14,998 | $2.8M | No change |
| HFRO Highland Opport & Income | 1.36% | 455,065 | $2.8M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 1.35% | 16,719 | $2.8M | Reduce -0.1% |
| CET Central Securities Corp. | 1.34% | 60,000 | $2.8M | No change |
| GLO Clough Global Opportunities | 1.33% | 503,202 | $2.7M | No change |
| MXF Mexico Fund Inc. | 1.33% | 181,000 | $2.7M | Add +18.3% |
| BIV Vanguard Intermediate-Term B | 1.30% | 33,990 | $2.7M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 1.17% | 9,000 | $2.4M | Add +34.1% |
| HERZ Herzfeld Credit Income Fund | 1.13% | 1,028,248 | $2.3M | Add +4.2% |
| XPCKX PIMCO California Municipa II | 1.09% | 358,504 | $2.3M | Add +9.1% |
| JOF Japan Smaller Capitalization | 1.06% | 263,808 | $2.2M | Add +7.0% |
| MXE Mexico Equity and Income FD | 1.06% | 237,827 | $2.2M | Add +0.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.02% | 10,415 | $2.1M | Add +44.3% |
| PMO Franklin Muncipl Opps Tst-Ui | 1.01% | 190,000 | $2.1M | New |
| WIW Western Asst Infl-LNK Opp | 0.99% | 231,033 | $2.0M | Add +15.7% |
| SFM Sprouts Farmers Market Inc. | 0.99% | 18,450 | $2.0M | No change |
| PNI PIMCO NY Muni Inc. II FND | 0.96% | 250,000 | $2.0M | Add +94.5% |
| XPNFX PIMCO New York Muni Inc. FD | 0.93% | 230,000 | $1.9M | Add +176.3% |
| VFL Abrdn National Municipal Inc. | 0.92% | 170,000 | $1.9M | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 0.92% | 3,296 | $1.9M | No change |
| EDD Morgan Stanley Emrg MRK Dom | 0.89% | 361,421 | $1.8M | No change |
| LEO BNY Mellon Strategic Muni | 0.86% | 273,100 | $1.8M | No change |
| OPP Rivernrth/Doublelne STR Opp | 0.86% | 195,000 | $1.8M | No change |
| ETN Eaton Corp. PLC | 0.83% | 5,145 | $1.7M | No change |
| PFD Flaherty & Crumrin Pre&inc F | 0.81% | 140,108 | $1.7M | Reduce -0.2% |
| NBXG Neuberger Next Generation Co. | 0.81% | 129,790 | $1.7M | Reduce -7.3% |
| NAZ Nuveen Az QLTY Muni Inc. | 0.80% | 139,990 | $1.7M | Reduce -6.0% |
| FLC Flaherty & Crumrine TTL RTRN | 0.80% | 95,300 | $1.6M | No change |
| GLV Clough Global Dividend & Inc. | 0.80% | 278,867 | $1.6M | No change |
| SDHY Pgim SHRT Durat Hi YLD | 0.80% | 98,000 | $1.6M | No change |
| COST Costco Wholesale Corp. | 0.78% | 1,818 | $1.6M | Add +37.9% |
| PFO Flaherty & Crumrine P&I Opp | 0.78% | 170,775 | $1.6M | Reduce -3.9% |
| RA Brookfield Real Assets Incom | 0.77% | 115,000 | $1.6M | No change |
| NBH Neuberger Municipal Fund Inc. | 0.73% | 135,900 | $1.5M | No change |
| EMB iShares JP Morgan Usd Emergi | 0.65% | 14,304 | $1.3M | Add +0.0% |
| MIY BlackRock Muniyield Mi QLTY | 0.65% | 110,749 | $1.3M | No change |
| ELV Elevance Health Inc. | 0.64% | 2,550 | $1.3M | No change |
| BWG Brandywineglobal Global Inco | 0.64% | 149,900 | $1.3M | No change |
| ACM Aecom | 0.63% | 12,611 | $1.3M | No change |
| DISV Dimensional International SM | 0.62% | 44,100 | $1.3M | No change |
| BTX BlackRock Tech & Priv Eqty | 0.61% | 164,861 | $1.2M | Reduce -13.2% |
| XOM Exxon Mobil Corp. | 0.60% | 10,474 | $1.2M | No change |
| MUJ BlackRock Munihold NJ QLTY | 0.59% | 100,700 | $1.2M | No change |
| EMO Clearbridge Energy Midstream | 0.59% | 28,653 | $1.2M | New |
| V Visa Inc. Class A | 0.58% | 4,310 | $1.2M | No change |
| DFEV Dimensional Emrg MRKT Val | 0.56% | 40,360 | $1.1M | No change |
| IIF Morgan Stanley India Invest | 0.56% | 37,950 | $1.1M | No change |
| GRX Gabelli Healthcare & Well | 0.54% | 101,196 | $1.1M | No change |
| XJEQX Abrdn Japan Equity Fund Inc. | 0.52% | 172,000 | $1.1M | Add +197.3% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.52% | 49,697 | $1.1M | No change |
| NTAP Netapp Inc. | 0.52% | 8,699 | $1.1M | No change |
| TSCO Tractor Supply Company | 0.52% | 3,658 | $1.1M | No change |
| EEM iShares MSCI Emerging Market | 0.51% | 22,990 | $1.1M | Reduce -0.6% |
| TEI Templeton Emrg MKTS Inc. | 0.51% | 180,541 | $1.1M | Reduce -18.4% |
| XCMUX MFS High Yield Municipal TR | 0.51% | 286,058 | $1.0M | No change |
| NVDA Nvidia Corp. | 0.50% | 8,478 | $1.0M | Add +17.3% |
| JPM JPMorgan Chase & Co. | 0.47% | 4,581 | $966K | No change |
| SCHW Schwab (charles) Corp. | 0.47% | 14,859 | $963K | Add +22.3% |
| MUC BlackRock Munihold Ca QLTY | 0.44% | 78,600 | $905K | No change |
| PYN PIMCO New York Muni FND III | 0.44% | 143,602 | $905K | Add +2.6% |
| LOW Lowe's Cos Inc. | 0.43% | 3,298 | $893K | No change |
| WMT Walmart Inc. | 0.42% | 10,617 | $857K | Reduce -11.7% |
| NPFD Nuveen Var RT Pref & Inc. | 0.42% | 45,244 | $857K | Reduce -37.5% |
| PRCT Procept Biorobotics Corp. | 0.41% | 10,468 | $839K | New |
| STE Steris PLC | 0.40% | 3,397 | $824K | No change |
| FTF Franklin Ltd. Dur Inc. TR | 0.40% | 122,579 | $818K | Reduce -44.1% |
| QCOM Qualcomm Inc. | 0.39% | 4,744 | $807K | No change |
| NMT Nuveen Ma QLTY Muni Inc. | 0.39% | 68,632 | $802K | Reduce -5.5% |
| ADI Analog Devices Inc. | 0.38% | 3,416 | $786K | No change |
| TMDX Transmedics Group Inc. | 0.38% | 5,000 | $785K | Add +66.7% |
| FDX FedEx Corp. | 0.38% | 2,843 | $778K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 1,676 | $771K | Add +2.2% |
| XBNYX BlackRock New York Muni Inc. | 0.37% | 69,921 | $769K | No change |
| GF The New Germany Fund Inc. | 0.37% | 84,921 | $758K | Add +12.9% |
| JCI Johnson Controls Internation | 0.37% | 9,705 | $753K | No change |
| NKE Nike Inc. Class B | 0.35% | 8,250 | $729K | Reduce -11.0% |
| CXH MFS Investment Grade Muni | 0.35% | 86,928 | $715K | No change |
| XPCQX PIMCO California Muni Inc. FD | 0.35% | 71,705 | $714K | New |
| HD Home Depot Inc. | 0.34% | 1,732 | $702K | No change |
| LMT Lockheed Martin Corp. | 0.34% | 1,182 | $691K | Add +0.1% |
| SOFI Sofi Technologies Inc. | 0.33% | 87,038 | $684K | No change |
| VRNA Verona Pharma Ltd. | 0.33% | 23,400 | $673K | Reduce -32.0% |
| IDEV iShares Core MSCI Dev MKTS | 0.33% | 9,488 | $672K | Add +3.3% |
| MA Mastercard Inc. Class A | 0.32% | 1,328 | $656K | No change |
| VFH Vanguard Financials ETF | 0.31% | 5,871 | $645K | No change |
| VEA Vanguard Ftse Developed ETF | 0.31% | 12,164 | $642K | No change |
| EMLC Vaneck JPM Em Local Curr BND | 0.31% | 24,900 | $632K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| LRCX Lam Research Corp. | Sold out | 0.00% | −1.97 |
| BSTZ BlackRock Sci & Tech TRM TR | Sold out | 0.00% | −0.97 |
| SEVN Seven Hills Realty Trust | Sold out | 0.00% | −0.89 |
| NPV Nuveen Va QLTY Muni Inc. | Sold out | 0.00% | −0.85 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −0.74 |
| NPCT Nuveen Core Plus Impact | Sold out | 0.00% | −0.70 |
| NVG Nuveen Amt-FR Muni CRDT | Sold out | 0.00% | −0.68 |
| ABERDEEN ASIA PACIFIC INCOM | Sold out | 0.00% | −0.37 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.36 |
| BA The Boeing Co. | Reduce -67.2% | 0.11% | −0.29 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -44.1% | 0.40% | −0.29 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.25 |
| NPFD Nuveen Var RT Pref & Inc. | Reduce -37.5% | 0.42% | −0.24 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.24 |
| DMB BNY Mellon Muni BND Infra | Reduce -15.4% | 1.71% | −0.24 |
| PII Polaris Inc. | Sold out | 0.00% | −0.22 |
| FSD First Trust High Income Long | Sold out | 0.00% | −0.21 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.19 |
| XFAMX First Trust/Abrdn Global Opp | Sold out | 0.00% | −0.17 |
| XEMDX Western Asset Emrg MRKT DBT | Reduce -62.2% | 0.12% | −0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.35% | −0.16 |
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −0.14 |
| NMS Nuveen MN QLTY Muni Inc. | Sold out | 0.00% | −0.13 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.11 |
| NBXG Neuberger Next Generation Co. | Reduce -7.3% | 0.81% | −0.08 |
| SBUX Starbucks Corp. | Reduce -39.1% | 0.24% | −0.08 |
| BTX BlackRock Tech & Priv Eqty | Reduce -13.2% | 0.61% | −0.07 |
| TEI Templeton Emrg MKTS Inc. | Reduce -18.4% | 0.51% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -40.1% | 0.13% | −0.07 |
| NAZ Nuveen Az QLTY Muni Inc. | Reduce -6.0% | 0.80% | −0.02 |
| NG Novagold Resources Inc. | Sold out | 0.00% | −0.02 |
| NMT Nuveen Ma QLTY Muni Inc. | Reduce -5.5% | 0.39% | −0.01 |
| ECF Ellsworth Growth and Income | Reduce -14.6% | 0.10% | −0.01 |
| VFL Abrdn National Municipal Inc. | Reduce -4.0% | 0.92% | −0.00 |
| MINV Matthews Asia Innovators Act | Reduce -3.0% | 0.22% | +0.00 |
| XNQPX Nuveen Pa QLTY Muni Inc. | Reduce -0.7% | 0.21% | +0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -1.4% | 0.16% | +0.00 |
| NKE Nike Inc. Class B | Reduce -11.0% | 0.35% | +0.01 |
| GOLD Gold.com Inc. | Reduce -19.2% | 0.16% | +0.01 |
| USB US Bancorp | Reduce -7.5% | 0.27% | +0.01 |
| WMT Walmart Inc. | Reduce -11.7% | 0.42% | +0.01 |
| WVE Wave Life Sciences Ltd. | Reduce -4.3% | 0.05% | +0.02 |
| EEM iShares MSCI Emerging Market | Reduce -0.6% | 0.51% | +0.03 |
| PFO Flaherty & Crumrine P&I Opp | Reduce -3.9% | 0.78% | +0.04 |
| VRNA Verona Pharma Ltd. | Reduce -32.0% | 0.33% | +0.08 |
| PFD Flaherty & Crumrin Pre&inc F | Reduce -0.2% | 0.81% | +0.09 |
| ASND Ascendis Pharma A/S | Reduce -3.0% | 2.45% | +0.10 |
Portfolio Buys Q2 2024 → Q3 2024
| PMO Franklin Muncipl Opps Tst-Ui | New | 1.01% | +1.01 |
| XPNFX PIMCO New York Muni Inc. FD | Add +176.3% | 0.93% | +0.61 |
| EMO Clearbridge Energy Midstream | New | 0.59% | +0.59 |
| PNI PIMCO NY Muni Inc. II FND | Add +94.5% | 0.96% | +0.49 |
| XCAFX Morgan Stanley China A Share | Add +25.9% | 1.53% | +0.46 |
| PRCT Procept Biorobotics Corp. | New | 0.41% | +0.41 |
| AAPL Apple Inc. | Add +0.3% | 4.93% | +0.41 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +44.3% | 1.02% | +0.37 |
| XJEQX Abrdn Japan Equity Fund Inc. | Add +197.3% | 0.52% | +0.35 |
| XPCQX PIMCO California Muni Inc. FD | New | 0.35% | +0.35 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +34.1% | 1.17% | +0.34 |
| DGRO iShares Core Dividend Growth | Add +1.0% | 4.04% | +0.30 |
| COST Costco Wholesale Corp. | Add +37.9% | 0.78% | +0.23 |
| XFFCX Flaherty & Crumrine Pref Inc. | New | 0.19% | +0.19 |
| FULC Fulcrum Therapeutics Inc. | New | 0.19% | +0.19 |
| NXDT Nexpoint Diversified Real Es | Add +2.0% | 1.57% | +0.18 |
| BOX Box Inc. Class A | New | 0.18% | +0.18 |
| ARTY iShares Future AI & Tech ETF | New | 0.18% | +0.18 |
| TMDX Transmedics Group Inc. | Add +66.7% | 0.38% | +0.16 |
| WIW Western Asst Infl-LNK Opp | Add +15.7% | 0.99% | +0.15 |
| XPCKX PIMCO California Municipa II | Add +9.1% | 1.09% | +0.14 |
| ACP Abrdn Income Credit Strat | New | 0.14% | +0.14 |
| JOF Japan Smaller Capitalization | Add +7.0% | 1.06% | +0.14 |
| TSLA Tesla Inc. | New | 0.13% | +0.13 |
| MXF Mexico Fund Inc. | Add +18.3% | 1.33% | +0.12 |
| EEA The European Equity Fund Inc. | Add +62.5% | 0.28% | +0.11 |
| VGT Vanguard Info Tech ETF | New | 0.10% | +0.10 |
| BNY Bank of New York Mellon Corp. | New | 0.10% | +0.10 |
| ISRG Intuitive Surgical Inc. | New | 0.10% | +0.10 |
| CHINA FUND INC | New | 0.09% | +0.09 |
| GF The New Germany Fund Inc. | Add +12.9% | 0.37% | +0.07 |
| GRF Eagle Capital Growth Fund | Add +22.5% | 0.29% | +0.06 |
| LMT Lockheed Martin Corp. | Add +0.1% | 0.34% | +0.06 |
| XWIAX Western Asset Infl-Link Sec | Add +30.4% | 0.22% | +0.06 |
| NVDA Nvidia Corp. | Add +17.3% | 0.50% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +39.6% | 0.20% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.2% | 0.38% | +0.05 |
| PYN PIMCO New York Muni FND III | Add +2.6% | 0.44% | +0.03 |
| IDEV iShares Core MSCI Dev MKTS | Add +3.3% | 0.33% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +18.7% | 0.17% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +22.3% | 0.47% | +0.03 |
| EMB iShares JP Morgan Usd Emergi | Add +0.0% | 0.65% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +9.0% | 0.21% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +7.9% | 0.11% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +0.1% | 0.19% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.1% | 0.17% | +0.01 |
| HFRO Highland Opport & Income | Add +4.6% | 1.36% | +0.01 |
| DFAE Dimensional Emerging Core Eq | Add +3.9% | 0.14% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 0.20% | +0.01 |
| DFAC Dimensional US Core Equity 2 | Add +0.3% | 0.16% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 157 | $249.4M | AAPL, DGRO, LRCX, XPCQX, ASND |
| Q1 2026 | 162 | $233.3M | AAPL, DGRO, XPCQX, ASND, XFLT |
| Q4 2025 | 165 | $223.3M | AAPL, XPCQX, DGRO, MSFT, ASND |
| Q3 2025 | 164 | $222.2M | AAPL, XPCQX, MSFT, DGRO, ASND |
| Q2 2025 | 168 | $211.5M | AAPL, MSFT, DGRO, ASND, TWN |
| Q1 2025 | 165 | $189.6M | AAPL, DGRO, MSFT, ASND, DMA |
| Q4 2024 | 169 | $196.7M | AAPL, MSFT, DGRO, ASND, DMA |
| Q3 2024 | 176 | $205.6M | AAPL, DGRO, MSFT, ASND, DMB |
| Q2 2024 | 181 | $202.1M | AAPL, MSFT, DGRO, ASND, LRCX |
| Q1 2024 | 190 | $207.9M | MSFT, AAPL, DGRO, SWAV, ASND |